A Biased View of Passive Income In Hong Kong

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But, youll probably still get monthly or monthly payments, depending on which investment opportunity that you select.6. Buy your first investment propertyRoofstock  Investing in rental properties is one of those passive income thoughts which can be extremely intimidating, particularly when it comes to finding tenants. Roofstock lets you purchase properties with as little as 20% down that currently have tenants living in them.

You dont even need to physically go to the properties!This is an ideal strategy should you live in an area where property prices are too large to invest in, or you dont want the hassle and expense of traveling all around the country visiting potential properties. Plus, if you're new to single-family property investing, letting a place like Roofstock guide you through the course of action is a terrific way to get your toes wet.Once you buy the property, theyll set you up with one of the vetted property managers to deal with the day-to-day landlord tasks like collecting rent and scheduling maintenance.See Also: A Modern Way to Invest in Commercial Real Estate with Equity MultipleAnother option: Consider starting your own real estate investment group.

According to Joseph Hogue, CFA from PeerFinance101.com, The common bond in most property investing classes is that you help each other compete against the big money players to acquire the very best returns.Other Passive Income InvestmentsWhen most people think about investing opportunities, they think of shares, bonds, and valuable metals.

Gone is the day of mountains of paperwork, higher broker fees and unattainable account minimums. Now you can invest on your own terms.7. Invest in dividend paying stocksAlly Invest  The oldest of passive income ideas, investing in stocks that pay quarterly dividends remains one of the best methods to generate cash without much work.Lets state you purchase shares of Colgate-Palmolive stock.

A Biased View of Passive Income In Hong Kong


Over the previous seven decades, Colgate-Palmolive has compensated between $0.34 and $0.68 per quarter for every single share owned by stockholders.Depending on your long-term investment plan, you might want to re-invest these dividends. But if youre strictly looking for passive income ideas, youd do nicely pocketing the cash.If youre new to investing, Ally Invest has free courses more you can take.

You can also have a look at this list of the best investment programs.8. Peer-to-Peer LendingLending Club  If you want a higher than average return on your investment, and youd want to feel like youre contributing to society, Lending Club allows you to do . Lending Club takes your investment and enables people to borrow money to start businesses, consolidate debt, and cover medical care.Heres the way Lending Club works:Open an account and transfer as little as a $0.01 minimum initial deposit.Build your portfolio: Invest in a range of loans in increments as little as $25Get paid: Receive monthly payments as borrowers repay their loans99percent of Lending Club investors with a 100+ note portfolios earn positive returnsReinvest payments or withdrawProsper Like Lending Club, Prosper is also a peer-to-peer lending bunch, but it has a twist.

Again, the yield is based on the amount of risk youre willing to take on, but I love how transparent the stage is.For each loan, you have to find the danger rating. The very low risk / low return AA loans yield just over 4%, and it moves all of the way down the line into the insecure category, which can pay 30 percent or more.You also get to see specific information about each loan, including exactly what the debtor is using it for, the state they live in, how long additional reading the past-due period is, exactly what the monthly payments are, and exactly what speed the borrower will cover.

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Butonce you get these up and running, you can take your foot off the gas and actually make a living online, all while you sleep.10. Affiliate marketingYouve probably heard see it here of affiliate marketing ahead of its when you earn a commission by promoting a product. The product you market online ought to be something youre knowledgeable about and that you think is high quality.

You can either make an affiliate relationship with a specific company (either directly or through a commission platform like Commission Factory, RewardStyle or even ShareASale), or you can sign up as an Amazon affiliate. I recommend both!Sounds great in concept, right But how do you really get startedYoull need a site.

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Since most mattress companies cover a 5% commission and the typical cost of a decent excellent bed sold on the Internet is about $1,000, I would make $50 each time someone purchased a bed based on my recommendation.But, I need an online presence, so that I can share my knowledge and make recommendations.

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